BlackRock’s Bitcoin Investment Fuels Market Growth

BlackRock’s substantial Bitcoin ETF inflow, reaching $1 billion, has significantly boosted the cryptocurrency market. The influx, a second-largest single day inflow since the iShares Bitcoin Trust ETF launched in January 2024, has propelled Bitcoin’s market cap towards the impressive milestone of $2 trillion. Experts predict this momentum could drive Bitcoin to reach new heights, with analyst Geoff Kendrick from Standard Chartered forecasting a potential surge to $120,000 by Q2 2025. This massive investment highlights growing institutional interest in digital assets and strengthens Bitcoin’s position as a safe-haven asset. The impact extends beyond Bitcoin, influencing other sectors such as AI tokens like Fetch.ai.